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The Major Energies Marketers Association of Nigeria has rejected the federal government's proposed N1,350 per litre ceiling on petrol ex-gantry and landing costs, arguing that arbitrary price caps distort competition without fixing supply bottlenecks.

President Tinubu's administration and opposition leader Atiku Abubakar have advanced rival plans to lower petrol prices as Nigeria heads toward the 2027 election.

The Nigeria Labour Congress has given the federal government two weeks to address petrol prices and the minimum wage, warning of industrial action.